Market Review (Session 1)

In session 1, JCI closed with positive 0.01% at level of 6,000.32

Foreign Exchange Reserves in Indonesia decreased to USD 137095 Million in March from USD 138787.35 Million in February of 2021.

Market Prediction (Session 2)

JCI: The index moved higher but limited according to our prediction and closed in the bearish candle. JCI will tend to move sideways with a tendency to weaken.

• ADRO: The price strengthened 1.23% and was in a positive trend with a bullish candle. The price has the opportunity to strengthen to the nearest resistance because the candle conditions are bullish. We suggest to be careful if the closing, the candle turns bearish. The next support benchmark is at 1,200.

• EXCL: The price is corrected and is still in our buy range. The price still has the chance to strengthen if in the near future the price maintain above support level. Confirmation for the next buy, wait for the candle to be bullish again. We suggest to be careful if the price can't hold above support level.

• ISSP: The price has successfully touched the target of 220 and the highest is at 224 (+9.8%). The next support benchmark is at 212. Ideally in the near future if the price is above level 224, it will maintain the upward trend, with the potential for an increase to level of 268. The volume trend is increasing, there is a potential for break up tp the resistance at 224 and be careful if the price fail to stay above 212.

• WOOD: The price is still in the buy range and was corrected, then successfully closed at yesterday's level. The price has the potential to strengthen because it had touched support and was able to turn stronger. Confirmation for the next buy if the price is bullish again or the closest the price can breakup to level of 845.

News

• PT Medikaloka Hermina Tbk (HEAL) will add inpatient capacity to 655 beds this year in line with the company's hospital expansion plan by adding 4 hospitals in 2021, namely in the Greater Jakarta area, West Java, Sumatra, and one hospital through acquisitions.

PT Kiwoom Sekuritas Indonesia (KSI)

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